Multiple Choice
Which of the following must be true about a signal that is used to reveal private information in order for the signal to be effective? It must be:
A) "as seen on TV."
B) free to the signalling party.
C) costly to the signalling party but less costly to the party with the higher-quality product.
D) applied to an inexpensive product.
Correct Answer:

Verified
Correct Answer:
Verified
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